WazirX, a leading cryptocurrency exchange in India, is grappling with legal challenges over a year after a $230 million hack by the Lazarus Group. In Singapore, a judge has requested revised affidavits from creditors involved in the exchange's restructuring dispute. This follows the Singapore High Court's rejection of a restructuring plan in June 2025 due to concerns over its design and disclosure.
The court has extended the creditor moratorium until September 2025, requiring new submissions by September 26. These legal proceedings have hindered WazirX's operations, leaving thousands of customers without access to funds. The exchange has warned that compensation could be delayed until 2030 if the restructuring plan is not finalized, increasing frustration among its users.
WazirX Faces Legal Setbacks Amid $230M Hack Recovery Efforts
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